Australian Prime Minister Anthony Albanese has said that the federal government will not be able to come up with a quick solution for the energy crisis plaguing the country’s east coast.
The prime minister held his first national cabinet meeting on June 17 to discuss the crisis with state and territory governors.
“What we’re doing is taking immediate action to assist households and businesses through the Australian Energy Market Operator (AEMO), using the tools which are at its disposal.”
While Albanese said all states and territories had a role to play in the crisis, he confirmed that gas would continue to be an important means to ensure the security of Australia’s energy system.
Meanwhile, the AEMO said that following the suspension of the spot price market on June 15, it was able to manage energy supply to satisfy demand more effectively.
Deputy Prime Minister Richard Marles said AEMO’s intervention into the electricity market was necessary while blaming the crisis on the predecessor government.
“We'll be working with the large energy companies, the larger users, to try and make sure that we can moderate the supply and demand in the market. We’re working our way through this crisis.”
In the meantime, the AEMO said the risk of power shortages had gone for now.
“Despite this, challenges remain in the energy sector.”
Speaking of the energy crisis, Nationals leader David Littleproud said the issues impacting the energy sector were more recent and not a result of the previous coalition government’s nine years in power.
“This is something that’s only just emerged over the last 100 days when (Russian President) Vladimir Putin crossed the border into Ukraine,” he told the Nine Network.
“It’s been exacerbated by the fact that a number of power stations had to have repairs and annual maintenance. It’s all come together at one juncture.”